Market Comment | China’s green shoots boost risk assets

Summary

Positive macroeconomic data in China. China’s exports surged in March above expectations (by +11.5% YoY; consensus: +10.0%; previous: -25.4%). This is the biggest increase in a year, while imports dropped less than expected (by -7.6%YoY; consensus: -10.1%; previous: -13.8%). Worse-than-expected data in the US. US retail sales dropped in March, surprising negatively relative to expectations […]

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